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• W2150319953 abstract "A crucial debate in policy-making as well as academic circles is whether there is a trade-off between economic efficiency and size/generosity of welfare state. One way to contribute to this debate is to compare performance of cases of different types of state. Arguably, in decade 1985-94, US, West Germany and Netherlands were cases - best economic performers in what Esping-Andersen (1990) calls the three worlds of welfare capitalism. The US is a liberal welfare-capitalist state, West Germany a corporatist state, and Netherlands is social democratic in its tax-transfer system, although not its labor market policies. These three countries had rates of economic growth per capita as high or higher than other rich countries of their type, and lowest rates of unemployment.At a normative or ideological level three types of state have same goals but prioritize them differently. The liberal state prioritizes economic growth and efficiency, avoids work disincentives, and targets welfare benefits only to those in greatest need. The corporatist state aims to give priority to social stability, especially household income stability, and social integration. The social democratic welfare state claims high priority for minimizing poverty, inequality and unemployment. Using ten years of panel data for each country, we assess indicators of their short (one year), medium(five year) and longer term (ten year) performance in achieving economic and welfare goals. Overall, in this time period, Netherlands achieved best performance on welfare goals to which it gave priority, and equaled other two states on most of goals to which they gave priority. This result supports view that there is no necessary trade-off between economic efficiency and a generous welfare state.The three panel studies are American Panel Study of Income Dynamics (PSID), German Socio-EconomicPanel (GSOEP) and Dutch Socio-Economic Panel(SEP). They all have samples of over 15,000 and are only national panels to have run for ten consecutive years or more, so making it possible to assess longer term performance of welfare-capitalist states." @default.
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• W2150319953 date "1999-07-08" @default.
• W2150319953 modified "2023-09-26" @default.
• W2150319953 title "Is There a Trade-Off between Economic Efficiency and a Generous Welfare State? A Comparison of Best Cases of 'The Three Worlds of Welfare Capitalism’" @default.
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